1 2
Transcription
1 2
1 2 3 4 5 CHARLES RIVER ASSOCIATES INCORPORATED John Hancock Tower, T-33 200 Clarendon Street Boston, MA 02116-5092 Telephone: 617/425-3000 617/425-3132 Facsimile: Economic Experts for Debtor and Debtor in Possession PACIFIC GAS AND ELECTRIC COMPANY 6 7 UNITED STATES BANKRUPTCY COURT 8 NORTHERN DISTRICT OF CALIFORNIA 9 SAN FRANCISCO DIVISION 10 HOA• RXK & N,.. 11 In re Case No. 01-30923 DM 12 PACIFIC GAS AND ELECTRIC COMPANY, a California corporation, Chapter 11 Case 13 Debtor. [NO HEARING REQUESTED] 14 15 Federal I.D. No. 94-0742640 CHARLES RIVER ASSOCIATES INCORPORATED COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR JUNE 2002 16 17 18 Charles River Associates Incorporated (the "Firm") submits its Cover Sheet 19 20 Application (the "Application") for Allowance and Payment of Interim Compensation and 21 Reimbursement of Expenses for the Period June 1, 2002 through June 30, 2002 (the 22 "Application Period"). In support of the Application, the Firm respectfully represents as 23 follows: 24 1. The Firm is providing expert economic advise to Pacific Gas and Electric 25 Company, the debtor and debtor-in-possession in the above-referenced bankruptcy case (the 26 "Debtor"). The Firm hereby applies to the Court for allowance and payment of interim 27 compensation for services rendered and reimbursement of expenses incurred during the 28 Application Period. 4t, A gee WD 021202/1-1419904/975452/ 4cO 2. 1 The Firm billed a total of $30,335.00 in fees and expenses during the 2 Application Period. The total fees represent 108.60 hours expended during the Application 3 Period. These fees and expenses break down as follows: 4 5 6 Expenses Fees Period $30,335.00 June, 2002 $0.00 Total $30,335.00 7 3. 8 9 10 Accordingly, the Firm seeks allowance of interim compensation in the total amount of $ 25,784.75 at this time. This total is comprised as follows: $25,784.75 (85% of the fees for services rendered). 11 4. For the post-petition period, the Firm has been paid to date as follows: 12 HOWARD CAN•YD EUK &RAMHIN Description 13 Application Period Amount Applied For 14 First (September 20 - $50,945.62 15 30, 2001) 16 Second (October 1 - 17 31, 2001) 18 Third (November I - 19 30, 2001) 100% of Expenses 20 Fourth (December 1 - $8,751.10 100% of Fees & 21 31, 2001) 100% of Expenses 22 Fifth (January 1 - 31, 23 2002) 24 Sixth (February 1 - 25 28, 2002) Total Paid to the Firm to Date 26 27 100% of Fees & $50,945.62 100% of Expenses $299,964.92 100% of Fees & $299,964.92 100% of Expenses $171,364.14 100% of Fees & 100% of Fees & $9,821.86 $171,364.14 $8,751.10 $9,821.86 100% of Expenses 100% of Fees & $11,521.00 $11,521.00 100% of Expenses $552,368.64 $552,368.64 I 28 WD 021202/1-1419904/975452/vl Amount Paid -2- p 1 2 5. To date, the Firm is owed as follows (excluding amounts owed pursuant to this Application): 3 4 5 Description Amount Application Period 100% of Fees & 100% of $10,495.30 Seventh (April 20-30, 2002) 6 Expenses 7 Eighth (May 1-31, 2002) 8 I 9 Total Owed to Firm to Date 100% of Fees & 100% of $40,517.50 IExpenses __ $51,012.80 10 11 12 13 HOAM~ RICE S14 &RAMIN Aq•,m,• 15 16 17 18 19 20 21 22 23 24 25 26 27 28 6. With regard to the copies of this Application served on counsel for the Committee, counsel for the Debtor and the Office of the United States Trustee, attached as Exhibit 1 hereto is the name of each professional who performed services in connection with this case during the period covered by this Application and the hourly rate for each such professional; and attached as Exhibit 2 is an Account Summary. The detailed time and expense statements for the Application Period that comply with all Northern District of California Bankruptcy Local Rules and Compensation Guidelines and the Guidelines of the Office of the United States Trustee have been submitted to the Office of the United States Trustee and mailed to counsel for the Committee and to the Debtor. 7. The Firm is serving a copy of this Application (without Exhibits) on the Special Notice List in this case. 8. Pursuant to this Court's "SECOND AMENDED ORDER ESTABLISHING INTERIM FEE APPLICATION AND EXPENSE REIMBURSEMENT PROCEDURE," which was entered on or about March 18, 2002, the Debtor is authorized to make the payment requested herein without a further hearing or order of this Court, unless an objection to this Application is filed with the Court by the Debtor, the Committee or the United States Trustee and served by the fifteenth day of the month following the service of this Application. If such an objection is filed, Debtor is authorized to pay the amounts, if any, not subject to the WD 021202/1-1419904/975452/vl -3- 1 objection. The Firm is informed and believes that this Cover Sheet Application was mailed 2 by first class mail, postage prepaid, on or about October 31, 2002. 3 N The interim compensation and reimbursement of expenses sought in this 4 Application is on account and is not final. Upon the conclusion of this case, the Firm will 5 seek fees and reimbursement of the expenses incurred for the totality of the services rendered 6 in the case. Any interim fees or reimbursement of expenses approved by this Court and 7 received by the Firm (along with the Firm's retainer) will be credited against such final fees 8 and expenses as may be allowed by this Court. 9 HOWM 9. 10. The Firm represents and warrants that its billing practices comply with all 10 Northern District of California Bankruptcy Local Rules and Compensation Guidelines and 11 the Guidelines of the Office of the United States Trustee. Neither the Firm nor any members 12 of the Firm has any agreement or understanding of any kind or nature to divide, pay over or 13 14 share any portion of the fees or expenses to be awarded to the Firm with any other person or attorney except as among the members and associates of the Firm. 15 WHEREFORE, the Firm respectfully requests that the Debtor pay compensation 16 to the Firm as requested herein pursuant to and in accordance with the terms of the 17 "SECOND AMENDED ORDER ESTABLISHING INTERIM FEE APPLICATION AND EXPENSE REIMBURSEMENT PROCEDURE." 18 19 20 DATED: October 31, 2002 CHARLES RIVER ASSOCIATES INCORPORATED 21 22 .A , 01 I JAMES W. WELLS By: 23 24 Experts for Debtor and Debtor in Possession PACIFIC GAS AND ELECTRIC COMPANY 25 26 27 28 WD 02120211-1419904/975452/v --4-